Despite Vietnam’s failure to meaningfully meet repeated requests for human rights improvements, a large majority in the International Trade Committee (INTA) voted in favour of granting swift consent to the agreements.
When Vietnam signalled it would claim the tax due, oil giant ConocoPhillips issued a pre-emptive legal strike using an arbitration process under the UK-Vietnam bilateral investment treaty.
MEPs over Christmas received bottles of Moet & Chandon Imperial champagne from Vietnam’s embassy in Brussels - ahead of the trade deal vote with Vietnam.
The international trade committee of the European Parliament supported the agreement by 29 votes to six, opening the way to a vote in the full parliament when it meets in the week starting on Feb. 10.
In coming weeks, the European Parliament is expected to take a binding decision on whether to approve, postpone or reject the EU-Vietnam Free Trade Agreement (FTA) and Investment Protection Agreement (IPA).
Navarro also hinted at future trade deals with the post-Brexit United Kingdom, other European countries and Vietnam.
Taiwan is expected to sign a new bilateral investment agreement with Vietnam in Taipei to reinforce protection for Taiwanese enterprises operating in the Southeast Asian country by establishing an intergovernmental mechanism to provide assistance and support.
As Vietnam currently has a free trade agreement with the US, Cambodia may benefit from the special economic zone – particularly from the US market.
Pham said of human rights in particular, it would go against the EU’s founding principles to condone the human rights record of Vietnam through the EVFTA.
The adoption of the law" is expected to pave the way for the ratification of several free trade agreements Vietnam has signed, including one with the European Union.
Will this trade deal help improve people’s livelihoods and rights, and offer a brighter future for Vietnamese at home? Or will it make matters worse.
The Eurasian Union is working diligently to sign FTA agreements with interested countries. Such agreements bolster the EAEU’s positions in the regional and global economy.
Vietnamese and international civil society organisations, are writing to urge you to ensure that the European Parliament postpones its consent to the EVFTA and IPA until certain human rights benchmarks are met by the Vietnamese government.
Brazil aims to conclude free trade agreements between Mercosur and Singapore and South Korea by next year, as it also eyes deals with Vietnam and Indonesia.
India has proposed locating computing facilities inside the country if it is meant to protect its essential security interests and national interests at the the ongoing negotiations of the proposed RCEP trade agreement.
ACAT and 47 Vietnamese and international organizations urge members of the European Parliament to delay consideration of the free trade agreement with the Socialist Republic of Vietnam.
The new EU-Vietnam free trade agreement (FTA) shows the EU will look past human rights violations to push a trade agenda. But as FTAs with ASEAN states don’t offer the EU the same economic benefits, it’s unlikely the bloc will pen more in the near future.
Vietnam’s full compliance with the EVFTA will require a comprehensive review and amendment of its intellectual property law.
The EU’s deal with Vietnam is considered hypocritical by many Asian nations.
The National Assembly of Vietnam will ratify the recently-signed EU-Vietnam Free Trade Agreement (EVFTA).